First Washington CORP boosted its stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 83.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,300 shares of the oil and gas exploration company’s stock after buying an additional 41,600 shares during the period. First Washington CORP’s holdings in Cabot Oil & Gas Corporation were worth $2,290,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COG. Shell Asset Management Co. increased its position in Cabot Oil & Gas Corporation by 3.8% during the 1st quarter. Shell Asset Management Co. now owns 29,219 shares of the oil and gas exploration company’s stock valued at $699,000 after buying an additional 1,063 shares in the last quarter. Strs Ohio increased its holdings in shares of Cabot Oil & Gas Corporation by 2.4% in the 1st quarter. Strs Ohio now owns 43,900 shares of the oil and gas exploration company’s stock worth $1,049,000 after purchasing an additional 1,015 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Cabot Oil & Gas Corporation by 1.2% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 48,719 shares of the oil and gas exploration company’s stock worth $1,165,000 after purchasing an additional 600 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Cabot Oil & Gas Corporation by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 314,952 shares of the oil and gas exploration company’s stock worth $7,521,000 after purchasing an additional 2,351 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Cabot Oil & Gas Corporation by 1,099.3% in the 1st quarter. American Century Companies Inc. now owns 395,840 shares of the oil and gas exploration company’s stock worth $9,465,000 after purchasing an additional 362,833 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

Shares of Cabot Oil & Gas Corporation (NYSE COG) traded up 1.633% during midday trading on Tuesday, reaching $26.455. The company’s stock had a trading volume of 2,560,272 shares. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $27.14. The stock’s market capitalization is $12.24 billion. The company has a 50 day moving average price of $25.08 and a 200-day moving average price of $23.96.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The business had revenue of $460.50 million during the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The firm’s revenue was up 86.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, equities research analysts expect that Cabot Oil & Gas Corporation will post $0.60 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. Cabot Oil & Gas Corporation’s payout ratio is -54.05%.

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In other news, insider Jeffrey W. Hutton sold 11,918 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the sale, the insider now owns 635,124 shares in the company, valued at approximately $17,014,971.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

COG has been the subject of a number of research analyst reports. TheStreet lowered Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a report on Thursday, August 24th. Williams Capital set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. Scotiabank set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Tuesday, August 22nd. William Blair lowered Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, ValuEngine lowered Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Cabot Oil & Gas Corporation presently has an average rating of “Buy” and a consensus target price of $29.67.

About Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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Institutional Ownership by Quarter for Cabot Oil & Gas Corporation (NYSE:COG)

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